Long-term investors remain undeterred by bitcoin's recent decoupling from Wall Street's tech-heavy Nasdaq index. Reports godbole17.
Long-term bitcoin investors are accumulating tokens as the largest cryptocurrency's price declines, decoupling it from the continued uptick in Wall Street's tech-heavy index Nasdaq.
The feature image shows net accumulation is currently happening at the fastest pace since October 2021. That indicates that investors view bitcoin's recent weakness as a typical bull market breather. Glassnode defines long-term holders as wallets holding onto their coins for at least 155 days without selling or moving them.
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